Past

The Bank of England's Prudential Regulation Authority recently pointed out that fiduciaries, including company directors and pension fund trustees, could be held liable for i) contributing to anthropogenic climate change and ii) not reasonably managing the risks associated with climate change. The Bank, and others, have said that this could potentially have significant implications for…

Halting and reversing the ongoing loss and degradation of nature and its biodiversity are amongst the greatest challenges of our time. The current state of play is deeply worrying. The drivers of habitat destruction and biodiversity loss continue and we are not yet able to deploy capital into nature recovery at the scale or pace…

Litigation has the potential to help drive the transition to a net zero economy by holding corporations and financial entities to their net zero transition plans, and to re-allocate capital where liability risks are priced into financial decision-making. Yet the risks, opportunities and impacts of climate litigation are not widely understood by financial market participants,…

After two years of delays, COP15 was finally held in December, bringing together nearly 200 governments to negotiate a global agreement on biodiversity and conservation. The resulting Kunming-Montreal Global Biodiversity Framework is being hailed by some as a ‘Paris Agreement for Nature’. It commits signatories to act to conserve 30% of land, sea and freshwater…

Sustainable finance is a rapidly developing area of legal innovation. Courts are being asked by shareholders to ensure that corporations are sufficiently ambitious in their climate targets and to rule on class actions alleging that companies’ ESG-related disclosures are inaccurate. Outside the courtroom, corporate and finance lawyers have an important role to play in ensuring…

The Commonwealth Climate and Law Initiative (CCLI), together with Pollination, launched the legal opinion at an in-person event, ‘Legal Opinion: Directors' Duties & Nature Risk’. The launch event was held on 13 March 2024, from 08:00 AM to 11:00 PM at The Law Society, London. The legal opinion, authored by a team of corporate and…

In the context of a rise in climate change-related litigation and activism, City & Financial Global hosted an event titled, 'Climate and ESG Legal Risk Management Summit' in London, on the 25th March 2024. The event provided an analysis of key issues and practical guidance on how to mitigate such risks effectively. Our Biodiversity Risk…

The Commonwealth Climate & Law Initiative (CCLI), a UK-based charity, and the EW Barker Centre for Law and Business, National University of Singapore (EWBCLB), a premier business law research centre in Asia are co-organising the ‘Private Roundtable: Global Regulatory Enforcement Approaches to Tackle Greenwashing: Lessons for Asia’ on 10 May 2024 at the Faculty of…